Equities analysts expect Knowles Corp (NYSE:KN) to announce $195.32 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Knowles’ earnings, with the lowest sales estimate coming in at $195.00 million and the highest estimate coming in at $196.27 million. Knowles posted sales of $188.40 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The business is expected to issue its next earnings report on Tuesday, July 23rd.
On average, analysts expect that Knowles will report full year sales of $872.43 million for the current financial year, with estimates ranging from $851.90 million to $895.00 million. For the next fiscal year, analysts forecast that the company will post sales of $945.74 million, with estimates ranging from $916.66 million to $980.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Knowles.
Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.05). Knowles had a net margin of 7.88% and a return on equity of 6.05%. The business had revenue of $179.80 million for the quarter, compared to the consensus estimate of $175.00 million. During the same quarter last year, the business posted $0.11 EPS. The business’s revenue for the quarter was up .7% on a year-over-year basis.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Saturday, April 27th. Craig Hallum reaffirmed a “buy” rating and set a $22.00 price objective (up from $18.00) on shares of Knowles in a research note on Thursday, April 25th. JPMorgan Chase & Co. set a $15.00 price objective on shares of Knowles and gave the company a “sell” rating in a research note on Tuesday, April 2nd. Finally, ValuEngine raised shares of Knowles from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Knowles presently has an average rating of “Hold” and a consensus price target of $17.93.
In other Knowles news, CFO John S. Anderson sold 7,500 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $18.11, for a total transaction of $135,825.00. Following the completion of the sale, the chief financial officer now directly owns 84,312 shares of the company’s stock, valued at $1,526,890.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have acquired 2,617 shares of company stock valued at $45,289 over the last ninety days. Insiders own 3.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of KN. Marshall Wace North America L.P. bought a new position in Knowles during the first quarter valued at approximately $25,000. Premia Global Advisors LLC acquired a new position in Knowles during the first quarter valued at approximately $28,000. NumerixS Investment Technologies Inc acquired a new position in Knowles during the fourth quarter valued at approximately $40,000. AdvisorNet Financial Inc grew its holdings in Knowles by 20.1% during the fourth quarter. AdvisorNet Financial Inc now owns 5,910 shares of the communications equipment provider’s stock valued at $79,000 after purchasing an additional 989 shares during the last quarter. Finally, Adirondack Research & Management Inc. acquired a new position in Knowles during the first quarter valued at approximately $167,000.
Shares of NYSE:KN traded down $0.43 during trading hours on Friday, hitting $17.00. 416,715 shares of the company’s stock traded hands, compared to its average volume of 720,681. Knowles has a 52 week low of $12.20 and a 52 week high of $19.43. The company has a current ratio of 2.71, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.
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